Aukett Swanke Group PLC Appointment of Nominated Adviser (5833J)
28 April 2022 - 4:02PM
UK Regulatory
TIDMAUK
RNS Number : 5833J
Aukett Swanke Group PLC
28 April 2022
28 April 2022
Aukett Swanke Group Plc
("Aukett Swanke", the "Company" or the "Group")
Appointment of Nominated Adviser
Aukett Swanke, a company that principally provides architectural
and interior design services, is pleased to announce the
appointment of Strand Hanson Limited ("Strand Hanson") as its
Nominated and Financial Adviser with immediate effect. Arden
Partners plc will continue to act as Broker to the Company.
Further to the announcements by Arden Partners plc on 11 and 14
April 2022 regarding the loss of its nominated adviser status upon
the completion of its recommended takeover, the Company has
appointed Strand Hanson as its nominated adviser. Given the timing
of the completion of the recommended takeover of Arden Partners
plc, the London Stock Exchange plc has agreed that subject to
initial due diligence being undertaken, Strand Hanson has until 5pm
on 27 July 2022 to complete its full due diligence.
There can be no guarantee on the outcome of the full due
diligence and its impact on Strand Hanson's decision to continue to
act as nominated adviser. Accordingly, in such circumstances there
is a risk that if Strand Hanson does not continue to act as
nominated adviser following completion of its full due diligence
and the Company has not found an alternative nominated adviser, the
Company's AIM securities may be suspended pursuant to AIM Rule 1.
If within one month of that suspension, the Company has failed to
appoint a replacement nominated adviser, the admission of its AIM
securities will be cancelled.
Notwithstanding the extension of time provided in respect of
completing full due diligence obligations at engagement, Strand
Hanson will continue to be subject to all the ongoing nominated
adviser responsibilities under the AIM Rules for Nominated
Advisers.
For further information please contact:
Aukett Swanke Group Plc
+44 (0) 20 7843
Nicholas Thompson, Antony Barkwith 3000
Strand Hanson Limited (Financial and Nominated
Adviser)
+ 44 (0) 20 7409
James Spinney, James Bellman 3494
Arden Partners plc (Broker)
John Llewellyn-Lloyd, Louisa Waddell, Benjamin +44 (0) 20 7614
Onyeama-Christie 5900
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END
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